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As of 01 April 2021, the National Minimum Wage has increased. All employees – as a minimum – should be paid these rates:
Rate from April 2020 Rate from April 2021
National Living Wage £8.72 £8.91
21-24 Year Old Rate £8.20 £8.36
18-20 Year Old Rate £6.45 £6.56
16-17 Year Old Rate £4.55 £4.62
Apprentice Rate £4.15 £4.30
Accommodation Offset £8.20 £8.36
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Knowing how to take control of your business finances to maximise profits can be difficult, especially with the current climate. Knowing the common mistakes to avoid can be difficult and can leave you feeling unsure.
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